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IWMW vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IWMW and SPY is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Performance

IWMW vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2000 BuyWrite ETF (IWMW) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

IWMW:

-0.13

SPY:

0.57

Sortino Ratio

IWMW:

-0.10

SPY:

0.93

Omega Ratio

IWMW:

0.99

SPY:

1.14

Calmar Ratio

IWMW:

-0.15

SPY:

0.61

Martin Ratio

IWMW:

-0.50

SPY:

2.33

Ulcer Index

IWMW:

6.57%

SPY:

4.90%

Daily Std Dev

IWMW:

19.89%

SPY:

20.34%

Max Drawdown

IWMW:

-21.82%

SPY:

-55.19%

Current Drawdown

IWMW:

-13.15%

SPY:

-4.58%

Returns By Period

In the year-to-date period, IWMW achieves a -8.31% return, which is significantly lower than SPY's -0.21% return.


IWMW

YTD

-8.31%

1M

3.06%

6M

-11.29%

1Y

-2.66%

3Y*

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

-0.21%

1M

10.59%

6M

-1.16%

1Y

11.45%

3Y*

15.35%

5Y*

16.25%

10Y*

12.52%

*Annualized

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iShares Russell 2000 BuyWrite ETF

SPDR S&P 500 ETF

IWMW vs. SPY - Expense Ratio Comparison

IWMW has a 0.39% expense ratio, which is higher than SPY's 0.09% expense ratio.


Risk-Adjusted Performance

IWMW vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWMW
The Risk-Adjusted Performance Rank of IWMW is 1212
Overall Rank
The Sharpe Ratio Rank of IWMW is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of IWMW is 1212
Sortino Ratio Rank
The Omega Ratio Rank of IWMW is 1212
Omega Ratio Rank
The Calmar Ratio Rank of IWMW is 1111
Calmar Ratio Rank
The Martin Ratio Rank of IWMW is 1111
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IWMW vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 BuyWrite ETF (IWMW) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current IWMW Sharpe Ratio is -0.13, which is lower than the SPY Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of IWMW and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

IWMW vs. SPY - Dividend Comparison

IWMW's dividend yield for the trailing twelve months is around 23.34%, more than SPY's 1.23% yield.


TTM20242023202220212020201920182017201620152014
IWMW
iShares Russell 2000 BuyWrite ETF
23.34%17.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
1.23%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

IWMW vs. SPY - Drawdown Comparison

The maximum IWMW drawdown since its inception was -21.82%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IWMW and SPY. For additional features, visit the drawdowns tool.


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Volatility

IWMW vs. SPY - Volatility Comparison

The current volatility for iShares Russell 2000 BuyWrite ETF (IWMW) is 2.43%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.68%. This indicates that IWMW experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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